Portland BPI$13.46 +8.4%Portland Low$5.49Portland High$18.00Chicago BPI$15.23 -2.8%Chicago Low$5.29Chicago High$26.00Portland BPI$13.46 +8.4%Portland Low$5.49Portland High$18.00Chicago BPI$15.23 -2.8%Chicago Low$5.29Chicago High$26.00Portland BPI$13.46 +8.4%Portland Low$5.49Portland High$18.00Chicago BPI$15.23 -2.8%Chicago Low$5.29Chicago High$26.00
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National Burger Price Index

$15.98 6.5%

Avg across 10 cities · May 4, 2026

20-Week Trend

Weekly Showdown

Portland vs Chicago

Portland

OR
May 4, 202610 restaurants
$13.46
+8.4%
Price Range
Cheapest
$5.49
Priciest
$18.00
🏆Burger of the Week

The Classic Killer Burger

Killer Burger

$13.50

While the price point is mid-range for Portland's premium burger scene, Killer Burger's 'The Classic Killer Burger' offers a substantial value proposition. The combination of a perfectly seasoned, juicy patty, crispy bacon, and a rich, tangy sauce, all served on a toasted brioche bun, delivers a flavor profile that punches well above its weight class. It represents a solid investment for a truly satisfying burger experience.

VS
Higher BPI

Chicago

IL
May 4, 202611 restaurants
$15.23
-2.8%
Price Range
Cheapest
$5.29
Priciest
$26.00
🏆Burger of the Week

Butter Burger

Lou Malnati's

$12.99

Lou Malnati's Butter Burger is a surprising and delightful entry from a deep-dish pizza institution. For a premium price point, it delivers a rich, decadent experience that justifies the cost, offering a unique value proposition in a crowded Chicago burger market.

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National BPI Rankings

10 cities tracked · Updated weekly

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BPI Candlestick

20-week OHLC · body = BPI movement · wicks = price spread

📰

Market Report

Week of May 4, 2026

Breaking

Burger Prices Surge: Austin Leads the Patty Stampede

The Burger Price Index (BPI) experienced a significant upward tick this week, driven by a confluence of factors including elevated beef futures and a surprising surge in demand in historically moderate markets. Austin, TX, has emerged as the new epicenter of burger inflation, with its BPI rocketing up an astonishing 37.7% to $15.70. This meteoric rise outpaces even the typically high-cost hubs of New York and San Francisco, suggesting a potential regional supply chain disruption or an unprecedented local appetite for premium patties. Nashville also showed robust growth, indicating a broader Southern trend of increasing burger valuations.

Conversely, established titans like Chicago and Los Angeles are experiencing a modest deflationary period, down 2.8% and 3.8% respectively. This could signal a normalization of post-holiday dining habits or a strategic price recalibration by West Coast purveyors. New York remains the nation's priciest burger market at $20.84, a testament to its enduring status as a culinary capital, though its growth has stabilized. Portland, OR, continues to offer the most accessible burger experience at $13.46, a beacon of value in an increasingly expensive landscape.

Key Market Drivers

Beef Futures

Rising costs of feeder cattle and live cattle are directly translating to higher input costs for burger producers nationwide.

Regional Demand Spikes

Unusual spikes in demand, particularly noted in Austin and Nashville, are outstripping supply, leading to opportunistic price increases.

Seasonal Adjustments

While some markets adjust for seasonal shifts, the current volatility suggests other factors are more dominant than typical weather-related demand changes.

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Industry Wire

Stories impacting burger prices this week

Market|Neutral for prices|Reuters Financial News

Shake Shack Beats Earnings Expectations, But Expansion Pace Cools

Shake Shack Inc. reported stronger-than-expected first-quarter earnings, fueled by robust same-store sales growth and menu innovation. However, the company signaled a more measured pace for new store openings in the latter half of the year, citing ongoing construction costs and site acquisition challenges. This cautious expansion might moderate overall market saturation, offering some stability to burger price dynamics.

Supply Chain|Bullish for prices|USDA Livestock Market News

Beef Futures Show Signs of Summer Strength, Burger Prices Face Upward Pressure

Wholesale beef prices are ticking higher as the peak summer grilling season approaches, signaling potential increases for the Burger Price Index. The USDA reported a 3% rise in Choice beef cutout values this week, driven by increased demand from food service and retail sectors. This rally, if sustained, could push average burger costs beyond the current $15.80 benchmark.

Wild Card|Neutral for prices|Chicago Tribune

The Great Burger Heist: A Single Patty Vanishes from USDA Lab, Sparks Bafflement

In a bizarre incident, a single, USDA-certified Wagyu burger patty has reportedly gone missing from a secure research facility in Chicago. Officials are baffled, with no signs of forced entry, leading to rampant speculation from 'culinary espionage' to an 'unusually ambitious rodent'. While unlikely to impact national burger prices, the incident has sent a ripple of bemused concern through the beef industry.

Consumer|Bullish for prices|Industry Traffic Data

Spring Weather Boosts Demand for Al Fresco Dining, Burger Sales Percolate

Unseasonably warm weather across much of the U.S. is driving consumers outdoors, leading to a surge in demand for casual dining and fast-food burgers. Restaurants in cities like Nashville and New Orleans are reporting increased foot traffic and higher average checks, particularly for dine-in and patio service. This seasonal uptick suggests a temporary upward pressure on burger prices as demand outstrips immediate supply.

Regulation|Bullish for prices|National Restaurant Association Analysis

California Minimum Wage Hike Casts Shadow Over Fast Food Margins, Burger Costs

As California's new fast-food minimum wage legislation ($20/hour) takes full effect this week, operators in the Golden State are grappling with increased labor costs. Analysts predict that chains like McDonald's and Burger King franchises in California will likely pass a portion of these expenses onto consumers, potentially widening the gap with lower-cost regions like Portland, OR.

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The Spread

Top 3 cheapest vs. most expensive burgers this week

Best Value
1

In-N-Out Burger

Los Angeles, CA

$4.65
2

Burger King

Austin, TX

$5.29
3

Burger King

Chicago, IL

$5.29
Premium Cut
1

Minetta Tavern

New York, NY

$38.00
2

Jeffrey's

Austin, TX

$28.00
3

Etch

Nashville, TN

$28.00
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Burger Purchasing Power

How many burgers can minimum wage buy per hour?

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